There are some IRS requirements around keeping Corporate Books, etc., and you will need to make a decision on how you want your LLC taxed.Short answer...Google "how to form an LLC" in your state.

A "real estate broker" is any person, partnership, limited partnership, limited liability company, association, professional corporation, or corporation, foreign or domestic who, for another, and for a compensation or valuable consideration, does, or attempts to do, any or all of the following...In Utah, we have a list of exceptions including being a principal on a transaction.  

That said, my work experience has mostly been in the audit/corporate accounting industry rather than the taxes, but am considering doing taxes on the side until investing in real estate starts to take up all of my free time.  

That is one thing that I enjoy about our role as a landlord -- we are not just a big corporation with strict criteria that can never bend.

We are in a National Historic District with many absentee owners of the buildings.

We have always fished the neighbors pond and walked through their land on the way into the national forest.

Hello BP Nation,For a small (8 homes) luxury development, would a fair ballpark percentage for soft costs be 18%?

Hello BP Nation,For a small (8 homes) luxury development, would a fair ballpark percentage for soft costs be 18%?

Welcome to BP Nation  @Amber Ponte !

Since National Grid has no contract with the tenant on the lease, I would expect them to not care that your lease states the tenant is responsible.